Economic Development Loan Opportunity Program (EDLOP) 
The Economic Development Loan Program (EDLOP) provides direct loans to companies locating or expanding into Louisiana that create at least ten new jobs. Funds can be used to fund construction projects on privately owned property.
Loans are approved by the Louisiana Economic Development Corporation (LEDC) Board and any unpaid balances and interest on EDLOP loans can be repaid through "jobs credits" earned by a company through the creation of new jobs associated with the project. Loan repayment term shall not exceed seven years.
The purpose of this program is to assist in the financing or loan funding of privately-owned property and improvements, including the purchase or leasing of a building site, the purchase or construction, renovation, rebuilding and improvement of buildings, their surrounding property, for machinery and equipment purchases and rebuilding, and for additional costs related to and incurred in connection with the location or relocation of the business enterprise, including appropriate professional and/or real estate fees and commissions, all for business enterprises newly locating in Louisiana or for businesses already existing in this State which are expanding their operations and that require state assistance for such development, location and/or relocation, rebuilding or other such improvement, and for which LED and LEDC assistance is requested under this program, all of which will promote economic development and provide an incentive to influence a company's decision to locate or relocate in Louisiana, maintain or expand its Louisiana operations, or increase its capital investment in Louisiana.
For more information please contact Louisiana Economic Development at (225) 342-3000.
